Excel Tip > Excel Functions List > Custom Functions > Calculating Total Income Tax

Calculating Total Income Tax

Fb-Button

Problem:

We want to use variable-rate Taxable Income Brackets to calculate a person's total income tax.

Solution:

Use the INDEX, MATCH, and LOOKUP functions as shown in the following formula: =INDEX(TaxTable,MATCH(C13,Bracket),3)+(INDEX(TaxTable,
MATCH(C13,Bracket)+1,2))*(C13-LOOKUP(C13,Bracket))
Screenshot // Calculating Total Income Tax 
Calculating Total Income Tax Calculating Total Income Tax

Previous
Next

Comments

  1. shamsu hamid

    hi can I have copy of the work sheet on tax calculation to see if I can use for indian income tax . I get an error message
    regrads
    Shamsu

    Reply ↓

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Excel Tips

Categories

Terms and Conditions of use

The applications/code on this site are distributed as is and without warranties or liability. In no event shall the owner of the copyrights, or the authors of the applications/code be liable for any loss of profit, any problems or any damage resulting from the use or evaluation of the applications/code.